Port Authority Toll Hikes in the Works
by M.C. Millman
Port Authority bridges and tunnels will likely see an increase in toll prices as the agency blames high inflation and pandemic-related revenue losses.
If approved, the toll increase will go into effect on January 8 next year. The company refers to this hike as "automatic inflation-based adjustments".
The announcement was made at the Port Authority's monthly board meeting last Thursday, November 17.
The agency stated that it lost $3 billion during COVID. That, along with inflation, has triggered a toll hike of $1 for both E-ZPAss and cash tolls. Airtrain fares to Newark and JFK airports will also increase by 25 cents. The only fares not affected are the PATH train fares, which will still offer discount plans.
As stated in the Port Authority's press release on November 17, "The proposed 2023 budget ensures that the bistate agency maintains its commitment to enhanced safety, security, cleanliness, and customer service, while improving or rebuilding its legacy infrastructure to improve customer experience, accommodate the region's future growth and invest in the economic development of the region".
The proposed budget is posted here on Port Authority's website.
Comments from the public can be submitted here until December 11.